Google to Invest $1 Billion in CME Group, Agrees Cloud Computing Deal

Google to Invest $1 Billion in CME Group, Agrees Cloud Computing Deal
The logo of Google is seen in Davos, Switzerland, on Jan. 20, 2020. Arnd Wiegmann/Reuters
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Alphabet Inc.’s Google has invested $1 billion in CME Group and has struck a separate deal to move the futures exchange operator’s trading systems to the cloud, the companies said on Thursday.

Under the terms of the 10-year partnership between Google and CME, the Chicago-based exchange operator will begin moving its technology infrastructure to Google Cloud next year.